H4ZZ.DE vs. S6X0.DE
H4ZZ.DE (HSBC Euro Stoxx 50 UCITS ETF EUR (Acc)) and S6X0.DE (Invesco EURO STOXX 50 UCITS ETF Dist) are both Europe Equities funds tracking the EURO STOXX 50, from HSBC and Invesco respectively. Both are passively managed. Over the past year, H4ZZ.DE returned 22.41% vs 22.32% for S6X0.DE. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.05% expense ratio.
Performance
H4ZZ.DE vs. S6X0.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with H4ZZ.DE having a 10.19% return and S6X0.DE slightly higher at 10.25%.
H4ZZ.DE
- 1D
- 0.79%
- 1M
- 3.49%
- YTD
- 10.19%
- 6M
- 11.16%
- 1Y
- 22.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
S6X0.DE
- 1D
- 0.78%
- 1M
- 3.40%
- YTD
- 10.25%
- 6M
- 11.18%
- 1Y
- 22.32%
- 3Y*
- 16.61%
- 5Y*
- 11.79%
- 10Y*
- 11.85%
H4ZZ.DE vs. S6X0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 10.19% | 22.35% | -2.42% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 10.25% | 22.02% | -1.47% |
Correlation
The correlation between H4ZZ.DE and S6X0.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024 | 1.00 |
The correlation between H4ZZ.DE and S6X0.DE has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
H4ZZ.DE vs. S6X0.DE — Risk / Return Rank
H4ZZ.DE
S6X0.DE
H4ZZ.DE vs. S6X0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) and Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| H4ZZ.DE | S6X0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.04 | 0.00 |
| Martin ratioReturn relative to average drawdown | 7.07 | 7.10 | -0.03 |
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Drawdowns
H4ZZ.DE vs. S6X0.DE - Drawdown Comparison
The maximum H4ZZ.DE drawdown since its inception was -16.46%, smaller than the maximum S6X0.DE drawdown of -38.54%. Use the drawdown chart below to compare losses from any high point for H4ZZ.DE and S6X0.DE.
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Drawdown Indicators
| H4ZZ.DE | S6X0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.46% | -38.54% | +22.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -10.88% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.54% | — |
Current DrawdownCurrent decline from peak | -0.83% | -0.84% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -7.69% | +5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.14% | +0.02% |
Volatility
H4ZZ.DE vs. S6X0.DE - Volatility Comparison
HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) (H4ZZ.DE) and Invesco EURO STOXX 50 UCITS ETF Dist (S6X0.DE) have volatilities of 3.53% and 3.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4ZZ.DE | S6X0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 3.56% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 13.14% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 15.94% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 17.53% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 18.00% | -1.19% |
H4ZZ.DE vs. S6X0.DE - Expense Ratio Comparison
Both H4ZZ.DE and S6X0.DE have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
H4ZZ.DE vs. S6X0.DE - Dividend Comparison
H4ZZ.DE has not paid dividends to shareholders, while S6X0.DE's dividend yield for the trailing twelve months is around 2.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZZ.DE HSBC Euro Stoxx 50 UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
S6X0.DE Invesco EURO STOXX 50 UCITS ETF Dist | 2.76% | 2.99% | 3.38% | 3.17% | 3.10% | 2.47% | 2.53% | 3.49% | 3.69% | 2.99% | 3.17% | 3.05% |
Frequently Asked Questions
With a correlation of 1.00, H4ZZ.DE and S6X0.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZZ.DE and S6X0.DE have the same expense ratio: 0.05% per year.
Both ETFs track EURO STOXX 50. They also come from different issuers: HSBC and Invesco.
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